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Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for December 04 – 08, 2017

First, a review of last week’s forecast:

– As practice shows, if at least 25-30% of oscillators signal that a pair is oversold or overbought, one should expect a correction. This is what happened last week with the EUR/USD. At the beginning of the week, it seemed to have gone north, continuing the main trend of November, but the bulls’ strength quickly dried up, and soon the pair retreated to where one third of analysts and oscillators had indicated – to the local bottom in zone 1.1800. However, while the pair was falling, the bulls regained their forces and by the end of the week they managed to bring it back to the level of 1.1900 – practically to the same place where the pair started on Monday;

The post Forex Forecast for EURUSD, GBPUSD, USDJPY and USDCHF for December 04 – 08, 2017 appeared first on forexarabicnetwork.com.

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